From my point of view, scam projects have taken away the glory of genuine projects.
Due to too many scams around crypto space, investors are not confident on investing in new projects. It's Becoming very difficult day by day to find out the legitimacy of the projects.
This in turn affecting the projects and result of this is not raising the funds as expected and required for further development of projects. This is daviating projects from their roadmap which is resulting in too much delay or even failure.
Kissing interest in investors is somehow obstacle to growth and further research of dApps projects.
I think, rugulations will solve the topic to great extent, but is there any other way to stop the scamming and not just going away from it?
Please apply your thoughts.
Yes, many projects currently do not run based on the roadmap they have written. They only write for completeness. In fact, almost one year later missed their roadmap. Actually, the characteristics of fraud projects are easily known. For example, they often change project rules, change the name of the token or coin often.
That's a part of it, if they failed to do what are their plan in the project they will going to change its name or rebrand to have a new fresh look or start as it all depends. While other only rebrands for best outcome or they think itnis mich better to use that name or logo like NEO. Rebranding isn't a problem, the problem is they are not capable of doing the project.